PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Sees Significant Increase in Short Interest

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, an increase of 150.0% from the February 29th total of 200 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 0.2 days.

PT Indofood Sukses Makmur Tbk Price Performance

PIFMY traded down $0.04 during trading on Thursday, hitting $20.35. The company’s stock had a trading volume of 319 shares, compared to its average volume of 1,891. PT Indofood Sukses Makmur Tbk has a twelve month low of $19.60 and a twelve month high of $25.93. The stock’s fifty day moving average price is $20.59 and its 200-day moving average price is $20.83.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.